Eon increases profits – Siemens Gamesa slows down Siemens Energy – Allianz sets expectations higher

Allianz sets expectations higher

The alliance is operating on one this year Record profit to. The operating result will at around 13 billion euros are at the upper end of the broad range that the Munich insurance giant had set itself, as Allianz announced on Wednesday. The previous record comes from 2019 and was 11.9 billion.

After nine months, the insurer is already operating at 9.9 billion euros, 27 percent up on the previous year. In the third quarter, Allianz exceeded analysts’ expectations with 3.2 billion euros. “That was ours strongest third quarter ever“, Said CEO Oliver Bäte.

However, the alliance is still threatened with billions in charges in the USA. There, major investors sued them for around six billion dollars after they suffered heavy losses with hedge funds from Allianz Global Investors at the beginning of the Corona crisis. However, Allianz has not yet made provisions for this

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